Cotton futures are up 4 points to down 14 points at midday. The US dollar index is $0.347 higher at $99.805. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night that indicated 2-3 weeks more of strikes and an uncertain fate to...
Cotton futures are up 4 points to down 14 points at midday. The US dollar index is $0.347 higher at $99.805. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night that indicated 2-3 weeks more of strikes and an uncertain fate to...
Canada’s biggest refinery is turning to Newfoundland for crude for the first time since 2020 as the war on Iran cuts off Middle Eastern supplies. Irving Oil Ltd. was granted permission by the Canadian Transportation Agency to use foreign tankers to shuttle 650,000 to 680,000 barrels of crude. The oil will be sent from the Whiffen Head terminal in Newfoundland and Labrador to its 320,000 barrel a d...
Canada’s biggest refinery is turning to Newfoundland for crude for the first time since 2020 as the war on Iran cuts off Middle Eastern supplies. Irving Oil Ltd. was granted permission by the Canadian Transportation Agency to use foreign tankers to shuttle 650,000 to 680,000 barrels of crude. The oil will be sent from the Whiffen Head terminal in Newfoundland and Labrador to its 320,000 barrel a day Saint John refinery in New Brunswick between April 25 and May 25, according to a notice . An email to Irving for comment was not immediately returned. Saint John, a major supplier of oil to the US Northeast , is the only Canadian refinery to rely on crude originating from the Persian Gulf. The US-Israel war on Iran has choked off supplies through the vital shipping route the Strait of Hormuz. Read More: US Allies Weigh Iran Outreach and Sanctions to Open Hormuz “The 2026 Iran conflict has resulted in the most significant crude oil supply disruption in recent history, with far-reaching implications for global production, shipping, refining, and energy security,” Irving said in its original March 13 application to use foreign tankers. “It is essential for our customers, for our business, and for the broader energy security of Atlantic Canada that we have the ability to use foreign crude oil tankers to access Canadian crude oil.” Despite the proximity, the last time that Irving received a cargo of crude oil produced off the shore of Newfoundland was in July, 2020. The tanker Clio delivered about 633,000 barrels of Hibernia crude to the Irving plant, according to Vortexa data. The refinery received multiple cargoes of Newfoundland crude in 2016 and 2017. Read More: Rare Fuel Cargo Heads to Alaska or Hawaii From US Gulf Amid War Saudi Arab Light was the second most commonly utilized oil grade by the refinery since 2020 after West Texas Intermediate, according to Vortexa. Iraq’s Basrah Light was the fourth most common grade and Irving also imported shipments of Saudi Arab Heav...
Federal prosecutors have reached a settlement to eventually drop criminal charges against a former Centerview Partners LLC investment banker who was accused of participating in an international insider-trading ring and has been living in her native Thailand for years. In 2019, Darina Windsor and her then live-in boyfriend in London, Benjamin Taylor, were accused of passing inside information on 22...
Federal prosecutors have reached a settlement to eventually drop criminal charges against a former Centerview Partners LLC investment banker who was accused of participating in an international insider-trading ring and has been living in her native Thailand for years. In 2019, Darina Windsor and her then live-in boyfriend in London, Benjamin Taylor, were accused of passing inside information on 22 companies from late 2012 to early 2018. Prosecutors claimed the pair, who referred to each other as “Pops” and “Popsy” in emails, made more than $1 million from the scheme. According to a deferred prosecution agreement, securities fraud charges will be dropped against Windsor in a year as long as she follows through on an pledge to pay $100,000 to the US Securities and Exchange Commission and stays out of legal trouble. Her settlement includes $50,000 in alleged trading profits and $50,000 in penalties. Windsor, who left London and has lived in Thailand since before the charges were made public, pleaded not guilty Thursday during an unusual video hearing in Manhattan federal court before US District Judge Denise Cote . “She is not in custody and there is no prospect of her being in custody,” Assistant US Attorney Andrew Thomas said at the hearing. Centerview spokesman Dana Cimilluca said Windsor was fired a decade ago for misconduct. “Maintaining our clients’ confidentiality is paramount and something we are focused on every day,” Cimilluca said in an email. Windsor and Taylor were both swept up in an criminal case that alleged a broad scheme to pass inside tips on deals to a ring that operated in the US, UK, France, Switzerland, Greece, Israel and Hong Kong. Several people, including an ex- Goldman Sachs Group Inc. banker, were convicted in the case. Taylor, who worked in London for Moelis & Co. , is scheduled to plead guilty in June to a single count of conspiracy. In exchange, prosecutors will seek a sentence no longer than a year and a day behind bars, which would be r...
J Studios The U.S. economy is not heading into a recession despite significant market volatility driven by the ongoing Iran conflict, according to Ryan Detrick, chief market strategist at Carson Group. In an interview with CNBC, Detrick pointed to strong corporate fundamentals and labor market resilience as key factors supporting his optimistic outlook, even as markets experienced dramatic intrada...
J Studios The U.S. economy is not heading into a recession despite significant market volatility driven by the ongoing Iran conflict, according to Ryan Detrick, chief market strategist at Carson Group. In an interview with CNBC, Detrick pointed to strong corporate fundamentals and labor market resilience as key factors supporting his optimistic outlook, even as markets experienced dramatic intraday swings following news about Iran’s negotiations with Oman regarding ships passing through the Strait of Hormuz. The Dow Jones Industrial Average ( DJI ) dropped roughly 600 points at its lows before briefly turning positive during Thursday’s trading session, marking what could be the tenth consecutive down Thursday—the most negative Thursday streak on record. Detrick characterized the current market environment as a “slow-motion crash” driven by excessive hedging, massive put buying, and heavy short positions. “Everyone’s predicting it, and then the market has a funny way of not doing that,” he noted. Despite the headline volatility, Detrick highlighted encouraging technical signals beneath the surface. He pointed out that the New York Stock Exchange has seen fewer new lows for three consecutive weeks even as major indices have declined. “The market’s going down, yes, but less stocks going down. I think that’s a glass-half-full type of thing to look at,” he said. Corporate America’s strength remains a crucial pillar of Detrick’s bullish case. S&P 500 ( SP500 ) forward earnings are up 7% this year, and profit margins are hitting all-time highs despite geopolitical concerns. “If corporate America stays strong, the labor market, which, hey, we’ve had some okay labor market news—look at claims this morning, again, pretty good—the economy’s not going into recession,” Detrick said. The strategist drew comparisons to market conditions a year ago, when similar waves of negativity ultimately gave way to recovery. “The market’s not about good or bad. It’s about better or worse,” he...
In recent weeks, Microsoft has committed more than US$5.5 billion to cloud and AI infrastructure in Singapore and over US$1 billion in Thailand, while also rolling out new in-house AI models and deepening collaborations across security, workplace, and edge-computing partners. Together, these moves highlight how Microsoft is pairing heavy global data-center spending with a push for greater AI self-...
In recent weeks, Microsoft has committed more than US$5.5 billion to cloud and AI infrastructure in Singapore and over US$1 billion in Thailand, while also rolling out new in-house AI models and deepening collaborations across security, workplace, and edge-computing partners. Together, these moves highlight how Microsoft is pairing heavy global data-center spending with a push for greater AI self-sufficiency and tighter integration of its ecosystem into governments, regulated industries, and...
Pam Bondi, US attorney general, during a swearing-in ceremony in the Oval Office of the White House in Washington, DC, US, on Tuesday, March 24, 2026. | Bloomberg via Getty Images Taking a break from calling Bruce Springsteen a boring loser on Thursday, Donald Trump followed that up with another Truth Social post saying "loyal friend" Pam Bondi will transition to a yet-to-be-announced job in the p...
Pam Bondi, US attorney general, during a swearing-in ceremony in the Oval Office of the White House in Washington, DC, US, on Tuesday, March 24, 2026. | Bloomberg via Getty Images Taking a break from calling Bruce Springsteen a boring loser on Thursday, Donald Trump followed that up with another Truth Social post saying "loyal friend" Pam Bondi will transition to a yet-to-be-announced job in the private sector. CNN , the New York Times , and Fox News all report that Bondi, a figure in the TikTok takeover , pressuring tech companies to block ICE-tracking apps , and the Epstein files release , has been fired. Read the full story at The Verge.
Micron Technology and Sandisk got crushed last week after Alphabet Google detailed an algorithm called TurboQuant that the market feared would dent demand for memory chips. Mizuho analyst Vijay Rakesh reiterated Outperform ratings on both Micron and Sandisk in a research note, counseling traders to “buy the TurboQuant memory pullback.” Rakesh maintained a $710 price target for Sandisk and a $530 t...
Micron Technology and Sandisk got crushed last week after Alphabet Google detailed an algorithm called TurboQuant that the market feared would dent demand for memory chips. Mizuho analyst Vijay Rakesh reiterated Outperform ratings on both Micron and Sandisk in a research note, counseling traders to “buy the TurboQuant memory pullback.” Rakesh maintained a $710 price target for Sandisk and a $530 target for Micron.
A Radio-Canada reporter noticed his maple syrup tasted odd; testing revealed it was adulterated with cane syrup An investigation by Canada ’s national broadcaster has found that a major Quebec producer has been diluting its maple syrup with cane sugar and selling the fraudulent product to grocery chains. In a sting operation that involved false identities and covert recordings, journalists from Ra...
A Radio-Canada reporter noticed his maple syrup tasted odd; testing revealed it was adulterated with cane syrup An investigation by Canada ’s national broadcaster has found that a major Quebec producer has been diluting its maple syrup with cane sugar and selling the fraudulent product to grocery chains. In a sting operation that involved false identities and covert recordings, journalists from Radio-Canada’s Enquête programme found that a low-cost syrup sold in major grocery store chains was heavily diluted. Continue reading...
quantic69/iStock via Getty Images While the Trump administration has touted that having Medicare Part D cover weight loss medicines wouldn't pose too much of a financial burden because of drug prices negotiated with Novo Nordisk ( NVO ) and Eli Lilly ( LLY ), a new analysis is challenging that claim. Researchers from Vanderbilt University found that based on two models, covering Novo's Wegovy and ...
quantic69/iStock via Getty Images While the Trump administration has touted that having Medicare Part D cover weight loss medicines wouldn't pose too much of a financial burden because of drug prices negotiated with Novo Nordisk ( NVO ) and Eli Lilly ( LLY ), a new analysis is challenging that claim. Researchers from Vanderbilt University found that based on two models, covering Novo's Wegovy and Ozempic would come out to either ~$4.8B or ~$3.9B in annual spending. While the negotiated prices would lead to ~$933M in savings the first year, that amount only covers 4.4% of the estimated 12.4M Part D beneficiaries who could be eligible to receive the drugs under the administration's guidelines. The authors noted in their JAMA article that its findings could lead to pushback from Medicare insurers. "Plans may be unwilling to accept the trade-off of expanding obesity-indication coverage in exchange for lower per-fill prices under the BALANCE model, given the potential budget implications." More on Novo Nordisk Novo Nordisk: I Admit That I Was Really Wrong (Downgrade) Novo Nordisk: Why I Still Find It An Interesting Opportunity Novo Nordisk: A Comeback Story In The World's Fastest-Growing Drug Market Novo’s Wegovy expands reach in UK with latest NICE recommendation Novo’s China obesity drug posts positive mid-stage trial results
Nuclear power isn't new technology; we've had nuclear plants since the 1950s. But for various reasons both political and practical, it didn't catch on in much of the world. Only France derives a majority of its electricity (about 70%) from nuclear energy. But that has been changing for a couple of years now, and the closure of the Strait of Hormuz has likely changed the equation for many countries...
Nuclear power isn't new technology; we've had nuclear plants since the 1950s. But for various reasons both political and practical, it didn't catch on in much of the world. Only France derives a majority of its electricity (about 70%) from nuclear energy. But that has been changing for a couple of years now, and the closure of the Strait of Hormuz has likely changed the equation for many countries already working to expand their nuclear capacity and should accelerate the nuclear renaissance. That renaissance is global and will be playing out for years to come, and one companyis at the center of it all. Now is the time to consider adding it to your portfolio. Continue reading